Tuesday, November 07, 2017 12:00:40 PM
Since this earnings season has begun in October the airline stocks have struggled to move higher. Leading airlines stock such as Delta Air Lines, Inc. (NYSE:DAL),American Airlines Group Inc. (NYSE:AAL), Southwest Airlines Co. (NYSE:LUV) and United Continental Holdings, Inc. (NYSE:UAL) have been under pressure recently. Higher fuel prices are certainly starting to weigh on these leading transportation stocks and that has not helped the shares.
American Airlines Group Inc. (NYSE:AAL) is forming a daily chart bearish consolidation pattern. This pattern signals potential downside in the near term. Traders should note that the longer the bearish sideways pattern remains the lower the price of AAL stock can go. Today, AAL stock is trading lower by $0.62 to $50.04 a share. The airline giant should have major chart support around the $43.50 area. This support level is where the stock was defended in May and September 2017, so until that level fails it looks to be major chart support for AAL stock.
Nicholas Santiago
InTheMoneyStocks
Recent AAL News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/23/2024 08:30:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/23/2024 08:29:56 PM
- Apollo Eyes $5 Billion Investment in Intel; TSMC and Samsung Explore UAE Chip Projects, and More • IH Market News • 09/23/2024 10:32:25 AM
- REGISTRATION OPENS SOON FOR AIRLINE DISTRIBUTION® 2025 • PR Newswire (US) • 09/17/2024 12:00:00 PM
- The Gross Law Firm Notifies Shareholders of American Airlines Group Inc.(AAL) of a Class Action Lawsuit and an Upcoming Deadline • PR Newswire (US) • 09/16/2024 09:45:00 AM
- OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast • IH Market News • 09/13/2024 10:12:55 AM
- The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of September 16, 2024 in American Airlines Lawsuit - AAL • PR Newswire (US) • 09/12/2024 09:45:00 AM
- Klarna partners with UATP to tap the $1 trillion air travel industry • PR Newswire (US) • 09/10/2024 12:00:00 PM
- American Airlines Group Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - AAL • PR Newswire (US) • 09/09/2024 02:30:00 PM
- Dell, Palantir, and Erie Will Be Added to the S&P 500; Boeing Avoids Strike; Apple Event Takes Place Today • IH Market News • 09/09/2024 10:05:35 AM
- Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600 • PR Newswire (US) • 09/06/2024 10:43:00 PM
- Broadcom Down 10% Post-Earnings, UiPath Up 8%; Qualcomm Eyes Intel Assets; Salesforce Acquires Own Company • IH Market News • 09/06/2024 11:59:00 AM
- American Airlines Group Inc. Class Action: The Gross Law Firm Reminds American Airlines Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of September 16, 2024 - AAL • PR Newswire (US) • 09/05/2024 09:45:00 AM
- The Gross Law Firm Notifies American Airlines Group Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - AAL • PR Newswire (US) • 08/29/2024 09:55:00 AM
- W2 by GO7 joins the UATP Network as its Newest Issuer • PR Newswire (US) • 08/27/2024 12:00:00 PM
- American Airlines Group Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - AAL • PR Newswire (US) • 08/26/2024 09:45:00 AM
- American Airlines Group Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before September 16, 2024 to Discuss Your Rights - AAL • PR Newswire (US) • 08/22/2024 09:45:00 AM
- Moore Law PLLC Encourages Investors in American Airlines Group Inc. to Contact Law Firm • PR Newswire (US) • 08/20/2024 12:03:00 AM
- American Airlines Group Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before September 16, 2024 to Discuss Your Rights - AAL • PR Newswire (US) • 08/19/2024 09:45:00 AM
- American Airlines and Stand Up To Cancer (SU2C) campaign takes off to accelerate funding for cancer research • PR Newswire (US) • 08/15/2024 02:00:00 PM
- American Airlines Group Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before September 16, 2024 to Discuss Your Rights - AAL • PR Newswire (US) • 08/15/2024 09:45:00 AM
- Wego Joins UATP Network, Enhancing Supplier Relationships in MENA Region • PR Newswire (US) • 08/13/2024 12:00:00 PM
- September 16, 2024 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against AAL • PR Newswire (US) • 08/08/2024 09:45:00 AM
- Investors who lost money on American Airlines Group Inc.(AAL) should contact The Gross Law Firm about pending Class Action - AAL • PR Newswire (US) • 08/05/2024 09:45:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/01/2024 08:49:59 PM
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